Angloamerican: Oddo says strategic acquisition, but neutral
(CercleFinance.com) - An analyst at Oddo BHF this morning confirms a "neutral" rating on the Angloamerican share, after the group announced the acquisition of Sirius Minerals.
The broker says that this is "a strategic acquisition at a reasonable price" and that it "makes sense".
As a result, the broker has raised its target price from 2,100 pence to 2,400 pence, meaning upside potential of 7%.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker says that this is "a strategic acquisition at a reasonable price" and that it "makes sense".
As a result, the broker has raised its target price from 2,100 pence to 2,400 pence, meaning upside potential of 7%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.